Universal Insurance Holdings, Inc. reports developments as a property and casualty insurance holding company focused on personal residential homeowners lines. Through insurance subsidiaries, it develops, markets and writes policies and provides risk management, claims management and distribution services, using appointed independent agents and direct online channels in the United States, with a primary Florida presence.
Recurring company updates cover quarterly underwriting and investment results, direct and net premiums, loss ratios, book value, return on common equity and reinsurance placement. Other announcements include common-stock dividends, share repurchase authorizations, credit ratings and debt refinancing activity tied to the holding company's senior unsecured obligations.
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Universal Insurance Holdings, Inc. (NYSE: UVE) has declared a quarterly cash dividend of 16 cents per share, to be paid on May 19, 2023. Shareholders of record as of the close of business on May 12, 2023 will be eligible for this dividend. Universal primarily operates in the property and casualty insurance sector, focusing on personal residential homeowners insurance across 19 states, mainly in Florida. The company is engaged in various insurance-related services, including risk and claims management, and distributes its products through independent agents and direct online channels.
Universal Insurance Holdings, Inc. (NYSE: UVE) will release its Q1 2023 financial results on April 27, 2023, after market close. A conference call is scheduled for April 28, 2023, at 10:00 a.m. ET, where management will discuss the results. Interested parties can listen through a real-time webcast available at universalinsuranceholdings.com/investors. Upon registration, participants will receive a dial-in number for the call, and a replay will be available shortly after.
Universal Insurance offers property and casualty insurance along with value-added services, focusing primarily on personal residential homeowners insurance across 19 states in the U.S., including a strong presence in Florida.
Universal Insurance Holdings (NYSE: UVE) reported its fourth quarter and full year 2022 results, showing significant recovery. Key highlights include diluted GAAP earnings per share (EPS) of $0.82 and adjusted EPS of $0.72. The book value per share rose 10.9% year-over-year to $9.47, while direct premiums written increased by 4.2% to $416.1 million. The net combined ratio improved sharply to 101.4%, down from 131.4% in the prior year. The company noted challenges in the Florida homeowners insurance market but expressed optimism due to recent legislative reforms aimed at stabilizing the market. Net income for Q4 was $25.1 million, reversing a loss of $48.1 million in Q4 2021.